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Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1bcc5ec1-96b2-49a6-803e-0137bfcbaba2

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DIF Broker to White Label FXCMs MT4 Platform Offering

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FXCM Inc. (NYSE: FXCM), a leading online provider of foreign exchange trading and related services worldwide and DIF Broker, a leading independent online financial broker, announced that DIF Broker will white label FXCM’s MetaTrader 4 (MT4) platform starting this May. Citing a commitment to ensure that its clients have, in their opinion, the best solutions available in the market, DIF Broker partnered with FXCM due to FXCM’s integration of its No Dealing Desk forex execution and the fact that MT4 is one of the most popular platforms used. DIF Broker will offer the MT4 solution under the brand “DIF FX.”

“FXCM’s newest MT4 offering, has taken the next step in providing, what we believe to be, the best MT4 trading experience in the marketplace,” said Brandon Mulvihill, managing director of FXCM UK. “Especially with the rise in popularity of automated trading, this white label partnership seems like a great complement to the DIF Broker offering.”

DIF Broker will offer a wider opportunity to its clients throughout Western Europe with FXCM’s established product by providing a different kind of trading in the DIF FX platform.

´Today, investors want compelling trading products that make a great experience,” said Paulo Pinto, chief operating officer of DIF Broker. ”DIF Broker will allow its clients to combine the great services already offered on the DIF Freedom platform and the ability to execute on a new platform, DIF FX, with the strength of a leading forex broker offering a total contingency plan for leverage instruments to our clients.”

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=8a2bd1e8-3595-401a-9036-c1c249984113

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Forex: EUR/JPY retraces gains to 103.50, high at 103.77

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FXstreet.com (Barcelona) – Ahead of the American session, the EUR/JPY had found support just below the 103.00 psychological level. Improving sentiment lifted the pair up to 103.77 where it was capped after Fed’s Bernanke speech.

The current retracement has weakened the EUR/JPY towards 103.50 area. Despite the retreat, the pair is edging higher on the day unlike most days since April-end.

Mataf.net analysts point to resistances at 103.40, 103.70 and 104.00. On the downside, supports might be found at 102.95, 102.70 and 102.50.

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1695c00e-9b8e-41f9-bfce-dfb14bcc250b

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Forex: USD/CAD back to parity level

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FXstreet.com (Barcelona) – The USD/CAD is trading in a 60-pip range today, going up and down since the Asian session. After the labor market data release and Fed’s Bernanke speech, the pair rallied from 0.9977 back to parity level, capped at 1.0026.

Canada saw weaker than expected International Merchandise Trade at $0.35B, below the expected rise from $0.27B to $0.50B. The housing market, however, saw new housing prices rising by 0.3% in March, more than 0.2% consensus.

Mataf.net analysts point to resistances at 1.0025, 1.0060 and 1.0130. On the downside, supports might be found at parity level, 0.9980 and 0.9920.

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1bad0a51-dc0b-4352-8216-6d66f4a46c1d

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Forex: AUD/JPY above 80.00

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FXstreet.com (Barcelona) – AUD/JPY is currently at 80.25 retreating from session highs 80.70, around previous weekly lows back on Monday’s weekly open. The cross started the Asian session below 80.00 and jumped on better than expected Australia jobs data to mentioned session highs, then falling after to recent levels on worse than expected imports and exports figures coming from China.

Local share markets are being sold off with Hang Seng lower by -1.02% near April 11 lows, and Nikkei barely above key 9000 points mark, down by -0.28% for the day. Some market participants are calling the attention on rising probabilities of BoJ intervention on the yen as Nikkei keeps mounting loses, now at 3-month lows.

Immediate support for AUD/JPY to the downside shows at Jan 17 highs and current intraday ascending trendline 80.11, followed by session lows 79.90 and yesterday’s and fresh 15-week lows 79.72. Resistance to the upside comes at Tuesday’s lows 80.40, followed by recent session highs 80.70 and March 07 highs 81.70.

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b9ba2ba6-694c-4729-b789-a1fd40b64479

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Forex: EUR/USD resilient around 1.2950

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FXstreet.com (Barcelona) – EUR/USD is currently at 1.2945 in late Asia-Pacific session in the mid range of an up and down day starting from session lows around 1.2925, for then climbing higher to 1.2956 on improving risk sentiment as Australian employment numbers were showing many more jobs created than anticipated. Later on worse than expected exports and imports figures coming out from China sent the pair and local share markets lower, to current rates. Nikkei index is down by -0.28% while Hang-Seng loses -1.08%.

London session ahead brings a relatively soft agenda EUR related, with French industrial production and Gov budget balance at 06:45 GMT, followed by ECB monthly bulletin at 08:00 GMT and Italian industrial production at the same time. Busier will be UK data calendar including BoE meeting, which will probably add some volatility to EUR/GBP cross at 11:00 GMT. No major sovereign debt auctions in Europe are on the table for today.

Immediate support for the EUR/USD to the downside lie at intraday level 1.2935, followed by session lows 1.2924, and yesterday’s and fresh 14-week lows 1.2911, while for the upside closest resistance shows at recent session highs and Monday lows 1.2955, followed by yesterday’s NY session highs and Tuesday’s lows 1.2970/80, and yesterday’s highs 1.3003.

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=11952d3a-751d-412e-948e-9c7ed2e5ff5e

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Forex: GBP/USD bracketed between 1.6120/50; UK data eyed

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FXstreet.com (San Francsico) – The Sterling performed relatively well on Wednesday, falling only 0.10% against the U.S. dollar and rising 0.35% against the EUR.

GBP/USD is trading at 1.6135 at time of writing, bracketed between 1.6120 and 1.6148 so far this Thursday in Asia. Technically speaking, a strong support zone has been created starting at daily price support at 1.6080 and capped by the 50 fib at 1.6058. Resistance is noted at the 1.62 handle.

“Keep in mind that heading into European trading the Bank of England Rate Decision and Asset Purchase Report are due for release,” says Christopher Keane, analyst at Keanefx. “Any increase in the asset program should send the pair lower.”

UK industrial output is also a noteworthy risk event for GBP in the session ahead, but isn’t expected to be a positive (-0.3% m/m expected vs. 0.4%), with the BoE policy statement coming behind.

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=863d40f0-37a1-4569-9412-2dac9f02a6cb

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Forex: EUR/USD deepens below 1.2950

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FXstreet.com (Barcelona) – The bloc currency is testing the relevant support at 1.2950 as the risk aversion continues to push the greenback to higher levels.
Jitters in the euro zone continue to grow bigger as we get closer to the open in the American session. The lack of significant data in Europe and the US has left the markets completely at the mercy of the events coming from the euro zone, particularly Greece and Spain.

EUR/USD is now losing 0.38% at 1.2941, with the next support lying at 1.2931 ahead of 1.2892 and finally 1.2854
On the upside, a break above 1.3008 would expose 1.3043 and then 1.3067

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b982c512-d399-4949-906c-58a86f500bfe

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Forex: AUD/USD prints new 2012 low at 1.0033

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FXstreet.com (Barcelona) – The aussie plunged against the greenback, printing a new 2012 low at 1.0033. The cross is trading 0.85% lower than the opening price. MBA mortgage applications in the US grew by 1.7% while wholesale inventories, which are due at 14:00 GMT, are expected to increase by 0.6% in March (from a previous 0.9% growth). The Minneapolis Federal Reserve President, Narayana Kocherlakota, is expected to give a speech today at 14:00 GMT as well. On the other hand, the EIA crude oil stocks change is forecasted to reach 2.00 million (previous was 2.84 million).

The pair is currently trading at 1.0034, facing resistance at 1.0199, followed by 1.0277 and 1.0333, according to Fxstreet.com pivot points on technical tools. On the downside, there is support at 1.0009 and 0.9931.

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=892c3ab3-c90b-45f1-96c9-6499005a8d25

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Forex: EUR/JPY loses 103.00 handle

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FXstreet.com (Barcelona) – The EUR/JPY is falling today on both EUR weakness and JPY strength, resulting in a more than 100 pips plunge on the day, from 103.94 high to 102.88, current low.

At the moment of writing, the cross is making a slight retracement back to 103.00 level as NY session is about to open. The American session will have Minneapolis Fed’s Kocherlakota, FOMC member Pianalto and Philadelphia Fed’s Plosser speeches.

Mataf.net analysts point to resistances at 103.45, 103.70 and 104.05. On the downside, supports might be found at 103.00 and 102.00.

Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=509fce27-f031-42c5-a43d-7edc6782e3f0